The Findus business adds leading positions in France, Sweden, Norway and Finland, Nomad said in a statement.

“Having the businesses under one umbrella brings together two talented, world-class teams, enabling us to share best practices and to elevate and evolve the brand,” Nomad’s chief executive officer Stefan Descheemaeker said in a statement.

Nomad, a packaged foods company, backed by entrepreneurs Martin E Franklin and Noam Gottesman, will pay £400m in cash, using existing cash and further debt funding from UBS, Credit Suisse Group and Barclays. It will also issue 8.4m shares to the sellers.